The emergence of crypto-collectibles or as we like to call them, crypto-babies is quite recent. And for such a super insane response, the market is still pretty under-explored.
The emergence has mushroomed. And these mushrooms have made their way to the mainstream media, Hollywood City and the houses of various production companies.
This is huge.
Yes, you heard it right, Cryptokitties was sold for as high as $140,000. Such is the might of this internet-bending trend.
It is simple and that is why it sells like crazy. The designs of these collectible are cute. Absolutely-ima-sell-my-property-buy-this-shit-cute. The websites and the supporting businesses or games prop up using the same software which is open source. Blockchain ensures that what you have is only yours. And BAM! You’ve got yourself a collectible!
Oops, Sorry, You’ve got yourself a *Rare Collectible.
Paintings, sculptures, coins, dinosaur bones , celebrity hair, jewels that queens wore, Maria Antoinette’s perfume, a piece of the moon, people have long put their money into artifacts that assist them in adding grace and self worth to their lives. These investments help define their identity and persona in the public opinion. It has been of little shock what long extents people go to fetch these. The norm is present in all income groups, factions of society and cultures. It is a cultural universal and has been since the beginning of civilization.
The internet on the other hand has been a home for counterfeiting and scamming. The home of the double crossing nonsense is now being refurbished to save us some grace and bring the tech market in headlines for pulling some decent sh*t. This means that companies, owners of businesses, Saudi princes, celebrities and all citizens of time can invest online without being fooled.
This is possible cause, duh duh, Blockchain happened to technology. But also because people want the best and the most rarest. Why wouldn’t tech up-size on this fact. Digital Scarcity has been invented.
This means that this sh*t is Rare AGF! The reason why digital collectibles are taking all the hype and forming new communities at blitzscaling speed goes back to Bitcoin, it was the first to establish the possibility of a trust-less digital scarcity.
Scarcity means that the supply of the items is limited. One is a pretty fair limit to deem an item as a collectible, in a 8ish Billion Human world. Fair?
Yeah, it does not have to be. It is a tool to make the wealthier feel more uplifted. Not a as a careful manipulation but because of these capitalist tendencies that form in the minds of the capitalists and boujee people over time.
So whether this is bringing love or hate really depends on what you and i do with it. For now, as-a-matter-of-factly-saying i don;t see why you do not have it. Or at least going ga-ga over it. The range is not just limited to cartoon cats, but armies of bots, fighters, punks, celebrity cards, self cards and so on. Pick your poison wisely!